Auto Loans Site Sees Record Lending RatesAuto Loans has announced that the average rate that its lenders offer potential car financing customers is one of the lowest rates ever offered in history.
By: Mick Ronson 
AutoLoans.com | Auto loans and vehicle financing “Every site out there that offers auto loans claims that now is the best time in history to borrow money for a new car, but few can back it up. By contrast, AutoLoans.com has statistical evidence that our lending partners, on average, are offering the lowest interest rate we have seen in years. It truly is in our borrowers’ best interest to take out a loan for a new car now, and that is why we so heavily promote these new, low rates,” said Mr. Mick Ronson, spokesman for AutoLoans.com. Each month, AutoLoans.com tabulates the average interest rate offered by its lending affiliates according to the characteristics of the average buyer. This month’s results were lower than they have been in years, which is consistent with lenders’ recent willingness to steeply drop credit card interest rates as well. “Most consumers realize that credit-card interest rates are falling, which is entirely true. The real miracle, though, is how much rates on auto loans are dropping as well. Auto loans are secured debts, which makes their interest rates inherently more stable and predictable. That the rates are declining like they are is a strong indication that this is a better time to borrow a car loan than ever before,” said Mr. Ronson. Photo: https://www.prlog.org/ End
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